Bank mortgage programs allow you to purchase not only apartments, but also private houses. However, mortgages for the purchase of a house are issued less frequently, since the risks of banks in this case increase.
Instructions
Step 1
The thing is that an apartment is a standard project. But suburban households are more personalized in terms of the legal framework and design solutions.
Step 2
If you decide to buy a country house on a mortgage, choose a financial institution. Collect a package of documents and leave a request at the bank branch.
Step 3
The bank, when considering the possibility of issuing a loan for the purchase of a private house, draws attention to the material from which the foundation and load-bearing walls are built. Choosing between a wooden house and a brick one, you should give preference to the second option. It is believed that the more liquid is a brick or sludge block house built on a buried foundation.
Step 4
Liquidity throughout the entire term of the loan is the main requirement of the bank for real estate of any type. The house must have all communications, be in good condition, and have a year-round access road. The house should be able to live all year round. Only real estate located in a settlement with a developed infrastructure is considered.
Step 5
Land ownership is another important point to consider when obtaining a mortgage. An indispensable requirement of the bank is that the borrower or his family members have ownership of the land plot. The land must have the status of a settlement, in addition, it must be intended for individual housing construction.
Step 6
As you can see, it is extremely difficult to satisfy the bank's requirements. Moreover, if it is still possible to buy a private house on a mortgage in the secondary real estate market, then it is practically impossible in the primary real estate market. The need to analyze legal and construction risks is one of the biggest challenges. If the bank considers that the risk is high, then it will refuse you.
Step 7
To obtain a mortgage for the purchase of a country house, you must provide a cadastral plan of the land plot and a technical passport for the house. Property title documents and a cadastral passport are also required. Attach to the package of documents a certificate of the inventory value of a country house, a report from an accredited independent appraiser with information about the valuation of a country house.
Step 8
You will also need to provide the original extract from the Unified State Register of Rights to Real Estate and Transactions with It.
In addition to the documents listed above, you must confirm your solvency by bringing a certificate to the bank in the form No. 2-NDFL.
Step 9
The length of service in the last job is also important - at least 3 months, and the organization must work for at least 2 years. It should be noted that the bank may require other documents from you.
Step 10
The down payment on a mortgage for the purchase of a private house differs from the down payment for the purchase of an apartment. It is 40-60% of the collateral value of a land plot or real estate. In this case, the collateral for the loan will be the real estate already available to you.
